DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $94.83.
Several research analysts recently commented on DD shares. Morgan Stanley raised their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Citigroup cut their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a "buy" rating on the stock in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Finally, Barclays downgraded shares of DuPont de Nemours from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $88.00 to $84.00 in a research report on Monday, October 7th.
View Our Latest Stock Report on DuPont de Nemours
Institutional investors have recently added to or reduced their stakes in the business. Mediolanum International Funds Ltd acquired a new stake in DuPont de Nemours in the first quarter worth about $2,842,000. Sequoia Financial Advisors LLC raised its stake in DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company's stock worth $3,269,000 after acquiring an additional 28,553 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in DuPont de Nemours by 9.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company's stock worth $42,953,000 after acquiring an additional 53,694 shares during the period. Canandaigua National Bank & Trust Co. purchased a new stake in DuPont de Nemours during the 2nd quarter valued at about $1,610,000. Finally, Cetera Investment Advisers increased its holdings in shares of DuPont de Nemours by 186.5% in the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company's stock valued at $6,698,000 after purchasing an additional 56,870 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.
DD stock opened at $83.30 on Friday. The company has a market capitalization of $34.83 billion, a PE ratio of 101.59, a P/E/G ratio of 2.26 and a beta of 1.34. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06. The firm's 50-day moving average is $83.85 and its 200 day moving average is $80.57. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44.
DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. On average, research analysts anticipate that DuPont de Nemours will post 3.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours's dividend payout ratio is presently 185.37%.
DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider DuPont de Nemours, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DuPont de Nemours wasn't on the list.
While DuPont de Nemours currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.